Chesapeake Utilities (NYSE:CPK) Updates FY25 Earnings Guidance

Chesapeake Utilities (NYSE:CPK) updated its FY25 earnings guidance on Monday. The company provided EPS guidance of $6.15-6.35 for the period, compared to the consensus EPS estimate of $6.25.

Chesapeake Utilities Stock Down 2.2 %

CPK stock opened at $130.49 on Monday. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 26.47 and a beta of 0.66. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.32 and a current ratio of 0.38. The business’s 50-day moving average is $125.63 and its two-hundred day moving average is $124.06. Chesapeake Utilities has a fifty-two week low of $98.32 and a fifty-two week high of $134.86.

Chesapeake Utilities (NYSE:CPK) last released its quarterly earnings results on Wednesday, February 26th. The utilities provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.04). The business had revenue of $215.00 million for the quarter, compared to analysts’ expectations of $237.84 million. Chesapeake Utilities had a net margin of 14.16% and a return on equity of 9.08%. During the same period in the previous year, the company earned $1.64 EPS. As a group, analysts forecast that Chesapeake Utilities will post 5.39 earnings per share for the current year.

Chesapeake Utilities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Friday, March 14th. Chesapeake Utilities’s dividend payout ratio is presently 48.58%.

Analyst Ratings Changes

Several equities research analysts have recently commented on CPK shares. StockNews.com upgraded Chesapeake Utilities from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. LADENBURG THALM/SH SH upgraded Chesapeake Utilities to a “strong-buy” rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $122.67.

Chesapeake Utilities Company Profile

Chesapeake Utilities Corporation operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula, Ohio, and Florida; and regulated electric distribution in northeast and northwest Florida.